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MCX MARKET UPDATE ZINC

Zinc futures were trading tad lower during morning trade in the domestic market on Friday as investors and speculators stayed cautious over booking fresh positions in the industrial metal amid sluggish physical demand for zinc in the domestic spot market.


Lingering global growth worries amid concerns over instability in the EU in the aftermath of Brexit continued to weigh on sentiment. Minutes from the ECB’s June 2 policy meet, released on Thursday, showed that the Frankfurt-based central bank saw unpredictable economic spillovers to the 19-member Euro area, before Brexit vote.


At the MCX, zinc futures for July 2016 contract is trading at Rs 141.15 per kg, down by 0.07 per cent, after opening at Rs 141.30, against a previous close of Rs 141.25. It touched the intra-day low of Rs 141.05. (At 11:11 AM).
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2 comments:

  1. I got useful updates on zinc here. Few more details on commodity market are: White metal Silver future hit new peak 48506 since after april 2014 and settled week at 47587 comex silver for September delivery jumped 26.1 cents, or 1.32% . Free updates by epic research on twitter.

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